There was a lot of talk about it Paramount The financial part was at a critical moment, due to the fact that they were not presenting good numbers, reaching the point of conversation with them MAX To integrate streaming platforms. There was no shortage of other companies interested in acquiring shares SkydanceAnd it seems they had the best conviction, as it is reported that they have reached an agreement to buy them outright for a small sum of money.
Its board of directors Paramount Global 8,000 million dollars has been accepted from Skydance MediaWho has now become its new owner Shari Redstone, the president Paramount Global And the majority partner, confirmed the sale, noting that the move will strengthen the company and ensure that its content “will continue to be king.”
With the acquisition, David Ellison, Its CEO and founder Skydancewill assume the role of new Paramount CEO, while Jeff Schell, former CEO of NBCUniversal, will become executive chairman. Skydance MTV’s owners will own 70% of the capital, and Ellison has pledged to invest $6,000 million to revive the company.
Here is what is referred to by Allison:
I am incredibly grateful to Shari Redstone and her family for the opportunity to lead Paramount. We are committed to empowering the business and empowering Paramount with contemporary technology, new leadership and a creative discipline that aims to enrich the next generation.
Approval from regulators is the next step, though no significant problems are expected, as competitors are doing little Disney they bought Fox 71,000 million and for acquisitions activation by Microsoft for 69,000 million dollars. Upon completion of the sale, this property will Skydance:
– Paramount+
– Pluto TV
– Nickelodeon
– VH1
– MTV
– Paramount Pictures
– Paramount Channel
That means that the merger was being discussed MAX Negotiations will end and they cannot be implemented. Unless the new owners make changes and reach new negotiations, a process that could take years to complete.
Through: P News
Author’s Note: This is certainly news that was not expected at all and now it will be the turn of a new company to take over many properties.
